How Long

Hi Catman

That is kinda the feeling I'm getting also,, Your advice is good and I will take it .

Thanks
Rick

Sometimes when I feel like it
I may ask a german ebayer selling in germany only whether he/she would agree to take my money if I paid costfree by euro banktransfer and paid for all registered and insured mail costs

Depending on the tone of the answer I may bid not at all or I may bid low or I may bid to get the coin

Last week a professional coinshop made me wait for two days to answer 16.90 euro postage
I passed on that one on principle alone since fair price would be around 8 euro and I know big shops go with DHL alone because it is
less work for them ( coin is picked up at the coinshop)

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Originally posted by nohope587

I had been looking for five coins now four for over three years. I see them now and again but never at a price I would consider fair. I will continue to wait until I get them at a price I think is right. I e-mail the people I know who have them about every six months just to check if they are for sale. One day I will get lucky I just have to wait long enough.

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That is the problem ; other collectors may consider the price fair
and if over a period of several years I am allways too low I adjust my fair price upwards
After five years there are only 3 coins left on my have to raise the price to get it list

I do change my price. I monitor Teletrade/Heritage/eBay and even the PCGS price guide and Develop my fair price based on these. The problem is when you are dealing in coins with populations in the hundreds at the grade you want is that people think you will automatically pay a premium over fair market value. In most cases I know about how much each person paid for the coins I want and in some cases have gone up to 15% above this. If I am dealing with a collector I know my chances are small but you would think a dealer would be happy with %15 mark up on a $1000-3000 coin. I think my main prolem is I show too much interest not that my price is too low.

I guess it's somewhat like this though: if the dealer sees if you are interested and if coins' value aren't marked, he can test how much you are willing to pay. Who knows how much he wants, or if it was a test to see how much it's worth.

I am somewhat lucky at times when dealers sometimes have coins that has no buyers even though they might be quite expensive.

Here is a damaged coin (I know, who would want one though)



Genuine 1736 ruble, XF AND fields cleaned on the obverse. On the reverse there are some marks after the brooch. Would you pay a lot for it? Not likely but if I told you if the marks weren't there, such coins would easily scream over 400USD, thanks to the insane retarded market.

The dealer that I bought from had quite a fair bit of expensive coins, or rather over 3/4 of his were too expensive for me to even touch! The dealer did know that it is worth quite a bit but there were no buyers thanks to the marks. As a result, he had to price it so low, that a serious collector would be tempted. I did offer to buy it as his first price (he didn't even label it), that is just about 110USD or so. I tell you, he was somewhat pained over his own pricing when I spotted it. Nevertheless, I bought this coin together with others that he did have some hard time selling so that it would relieve him...

Moral of the story: there can be times when dealers price them too low that it's considered a steal. Just spot which coin and you might be lucky ;) Also... never try to do bargains when there are to many people around. It just makes things too hard to deal with.

Personally I don't understand why a dealer would put a coin on display that he hadn't priced? That is cruelty and torture at its finest, especially if it is something a fellow has been looking for for a period of time. Guess I would be furious to walk into a coin shop and see something I had to have and the dealer just didn't know what it was worth? Thats bull as he is just trying to set you up and keep you coming back. Just shoot him your offer and if he doesn't bit tell him to keep the darn thing. Unique is one thing and rare is another and if the error is not listed anywhere then it really is NOT an error now is it? I wanted a counterfeit my dealer was showing as an educational tool for other collectors (so did others) so he removed it from his display as he had no idea we would be willing to add such a piece to our collection and he had NO intention of selling any fakes out of his shop. He will tell us about them now but never displays a coin that is not for sale.

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Originally posted by Metalman

Have any of you guys pursued a coin ?

There is a collectables dealer here locally that has some coins, A few weeks ago while going thru some of them, I came across a FE Filled die missing head eagle,,

I asked the owner how much, he took the coin noticed the missing head, and left me with I need to get a value for the coin with the error !!

I have been back asking about the coin and how much he wants for it twice since, and he has done nothing to develope a price,, he just keeps telling me that when he does I get first shot at the coin.

How long and how often should I keep asking before I tell him to forget it ? seems to me that each time I ask the price is going up due to my interest and pursuit .

What do you guys think ?

Thanks
Rick

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I'd give up on it. The dealer should not have had a problem having a price on that coin for you by the second time you stopped in. It seems to me that he's trying to get a higher price from you. Since he already would have known what he paid for it, coming up with a price for you should have taken no time at all.